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Values come first
Candid and unpretentious Virendra Agarwal, CEO, Moosa Abdul
Rahman stands apart in a crowd. By Mayank Singh
Virendra Agarwal, CEO, Moosa Abdul Rahman Hassan and Company (MARH)
learnt Aristotle’s maxim, “Take an all absorbing interest in the
secret of success of those who have succeeded,” early in life and
has been its avid practitioner. If learning from others has been an
integral part of his growth, financial acumen is a close second. “I
get excited making money for my company and for myself,” he says
matter-of-factly.
In 1999-2000 when the owners decided to professionalise MARH’s
senior management, Agarwal was chosen to lead the company as its CEO.
And he has lived up to the board’s expectations over the years.
Agarwal has brought in new distributorships like Suzuki and has
ventured into new lines of business like the supply of military
vehicles. The company has expanded its sales and service network to
Sohar, Salalah, Nizwa etc.
He earned his stripes early in life, by becoming the general manager
of the office equipment division of Mustafa Sultan Enterprises
(known as Mustafa and Jawad) in 1989 at a young age of 30. Agarwal’s
experience with the Tata group in India early in his career has
stood him in good stead. “Working with the Tata’s teaches one to
manage relationships and to be commercially astute,” he says.
Principles of success
A management alumnus of the Jamnalal Bajaj Institute of
Management Studies in Mumbai, Agarwal joined the Tata group after he
graduated in Economics from Bombay University. At Tata Exports he
handled a range of products from leather to Tata trucks. He later on
moved to Lakme India, a cosmetics company and worked closely with
Simone Tata, the chairman and managing director in growing its
business in Eastern Europe. Apart from this, Agarwal also did short
stints with Johnson and Johnson and Corus in India.
He feels that a CEO should understand his business, get the right
people, equip them with the right vision and leave them alone.
Though if the need arises Agarwal can be a hands on manager. “If I
am not confident of someone’s abilities then I am there all the
time. Over 50 per cent of my time is spent in businesses which are
growing.” Agarwal is one of the few CEO’s who sets a budgetary
target for himself and is out in the market selling products. A
person who can think on his feet, he prides himself on his decision
making abilities, “We never procrastinate matters by sitting on a
decision.”
Looking back he fondly remembers his school days at Mayo College in
Ajmer. Founded by Richard Southwell Bourke, The Earl of Mayo and the
Viceroy of India from 1868 to 1872, the school was established with
the intent of making British gentlemen out of Indian princes. “Mayo
was a great leveller, as everyone from a prince to someone from a
middle class background was treated as an equal and put through the
grind.”
Time out
He splits his leisure time between his family and playing golf.
His better half Tarini works as a training manager at MARH; Vickram
his son is an executive with General Motors, Dubai and daughter
Tarika, a high school student is looking at pursuing her higher
studies abroad. The family pet Vodka, a three year old Labrador also
demands his fair share of attention. Says Agarwal, “He was a
birthday gift for my daughter and I take him out for walks three to
four times a day.” The family spends time together by going to the
beach, playing golf, swimming or dinning out. “The family always
comes first,” says Agarwal.
An annual vacation is another excuse to catch up with each other. A
Mediterranean cruise across the cities of Barcelona, Nice, Monte
Carlo, Florence, Rome and Sicily in 2003 proved to be such a
memorable experience that he did it all over again (with his
extended family) in 2008 to celebrate his parents 50th marriage
anniversary.
“Apart from seeing some great places, it is the sheer luxury and
lifestyle choices that spoil you,” avers Agarwal. South East Asian
destinations like Singapore, Malaysia and Bangkok have been another
favourite hunting ground for the family. “South East Asian people
are simple, hard working, humble and tourist friendly,” he says.
Pursuing ones dreams
Golf remains the other big love of his life. Having started out on
the course as a caddie to his father, he has been an avid follower
of the sport for over 30 years now. “Golf is an addiction, a game
where you compete against yourself and not against others.” He rues
the lack of green top courses in Muscat and cites it as a reason for
his dwindling interest in the game over the last three-to-four
years. He tries to make up for his lack of exercise on weekdays by
walking a couple of hours on weekends.
An avid reader, he is partial towards fiction writers like John
Grisham and Wilbur Smith. Growing up in a family where his father
Mahendra and mother Bala Agarwal are avid readers, he picked up the
habit early. “I read the 1,400 page The Count of Monte Cristo by
Alexandre Dumas when I was in class eight,” he says. The passage of
time has strengthened his belief on books being a man’s best friend.
When it comes to movies he prefers comedies and light-hearted
stories. “Business is so stressful that at the end of the day you
want to unwind something that is slightly less taxing,” says Agarwal.
Looking back at the people who have left an imprint on him he
recalls one of his first bosses, Rajan Jhanjhir, “If someone
requested for a business meeting, he would go to the other person’s
office instead of calling them over.” Agarwal has imbibed the habit
and has no qualms of visiting a customer at his office. He thanks
his father, a former naval officer for inculcating the right values
and discipline in him and his siblings. A worthy son Agarwal has
surely reached such heights that others can take an absorbing
interest in the secrets of his success.
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January - 2009 |
| Cover
Story |
PREVENT
OR PERISH
Heightened stress levels and unhealthy lifestyle choices make
executives vulnerable to a host of fatal ailments and diseases. As
hospitals and polyclinics focus on providing the best-in-class
facilities for executive health, the onus of making the most of
these rests solely on executive doorsteps. Mayank Singh reports |
| Other
Headlines |
Well oiled
One of the major
casualties of the financial meltdown was the oil price which
crashed to abysmal depths. Despite the scare, Oman’s economic
outlook is still cheerful, writes Visvas Paul D Karra |
Investment
strategies for troubled times
Will things get worse in 2009? As the world economy staggers
we ask five of the markets sharpest minds to put things in
perspective and offer their views on the road ahead
|
Showing the way
As Al Habib & Company
completes 30 years of rendering service to the real estate
sector, Chairman, Ali Malallah Habib Al Lawati, talks to
Mayank Singh and Sunil Fernandes on the company and the
reasons for its success |
AGCC Muscat Summit
2008 – Tough task ahead
Though the monetary
union agreement has been approved at the Muscat Summit, the
launch of a common currency by January 1, 2010, is going to be a
tough task for the AGCC states. Akshay Bhatnagar reports |
Trillion a day keeps
the bears away
David Bloom, global head of foreign exchange strategy, HSBC
Bank shares his views on what went wrong and the way ahead for
the global economy with Mayank Singh |
Values come first
Candid and unpretentious Virendra Agarwal, CEO, Moosa Abdul
Rahman stands apart in a crowd. By Mayank Singh |
Doing business in
South Africa
South Africa has built a modern economy primarily around the
three sectors of manufacturing, mining and agriculture. the
country provides a number of opportunities for enterprising
investors and entrepreneurs |
Ready to Ring In
Mazoon Mobile, one of
the five Class II license operators in Oman, has quietly worked
behind the scenes for its final launch. Mohammed Alhashili, CEO,
speaks to Visvas Paul D Karra in his first media interview |
FORGING A TEAM OF CHAMPIONS
In his first media interview, Bruce Hall, CEO of Sohar Aluminium,
talks to Jessica Brookes about his plans for the aluminium major
|
Keeping its promise
Oman Oil Marketing Company has set new benchmarks in the oil
retailing business in a short span of five years. Joseph Benny
reports |
Golf Phoenix
Muscat Hills, the first freehold property developer in Oman,
is on course after suffering numerous hiccups since it was
launched in 2003. Visvas Paul D Karra takes stock of the project |
A Year of Two Halves
High economic growth and soaring oil prices helped the capital
market to soar during the first six months of 2008. the MSM was
quick to shed its gains in the second half as worries about the
global meltdown spread |
EMERGING HEROES
Tapping into the right opportunities promises investors a chance
to make good returns even in these troubled times. Stocks like
galfar engineering and qatar telecom being sure shot bets |
Africa seeks GCC investments
African countries are sparing no opportunities to entice
investments from Gulf Cooperation Council (GCC) countries. The
drive is partly meant to counter adverse effects of the global
financial crisis amid concerns that Western countries would
devote more resources to solve local economic challenges rather
than address international problems |
Made in Taiwan
Taiwan’s expertise in technology remains underutilised and
Oman should take advantage of this, finds out Visvas Paul D
Karra, after a candid chat with Jackson T C Lee, representative
of Taipei Economic & Cultural Office |
Multiplying
footfalls
The addition of new high quality retail developments is not
just improving the shopping experience of consumers but is also
forcing existing retailers to upgrade their offering, writes
Ahmad Ayyub |
Life made easy
As National Life & General celebrates a major milestone in
its ongoing journey, Joseph Benny catches up
with its general manager, S Venkatachalam for a tête-à-tête |
Keeping time with
cricket
Madhursinh Jesrani, Incharge, Khimji Watches division, is batting
for Oman’s cricket to make it big, says Joseph Benny |
THE PEOPLE’S COUPE
Following in the
vein of the Mercedes CLS, while not actually competing against
it, is one of the latest entries to the VW stables – the Passat
CC. MALCOLM XAVIER CRASTA WRITES |
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How important is
marketing for companies during an economic slowdown?
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